PTIR vs. EMLP

Last updated Jun 24, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - PTIR is a Leveraged Equities fund actively managed by GraniteShares, while EMLP is a MLPs fund actively managed by First Trust. Both are actively managed. Over the past year, PTIR returned -52.03% vs 20.59% for EMLP. At a 0.14 correlation, their price movements are largely independent. PTIR charges 1.15%/yr vs 0.96%/yr for EMLP.

Performance

PTIR vs. EMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and First Trust North American Energy Infrastructure Fund (EMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -64.50% return, which is significantly lower than EMLP's 16.16% return.

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMLP

• 1D: 1.23%
• 1M: -1.97%
• YTD: 16.16%
• 6M: 16.10%
• 1Y: 20.59%
• 3Y*: 22.30%
• 5Y*: 15.94%
• 10Y*: 10.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTIR vs. EMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	221.36%	425.36%
EMLP First Trust North American Energy Infrastructure Fund	16.16%	9.67%	10.15%

Correlation

The correlation between PTIR and EMLP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.14

The correlation between PTIR and EMLP shifts across timeframes, from -0.09 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

PTIR vs. EMLP - Sectors Allocation Comparison

Sectors	PTIR	EMLP
Technology	100.0%	-
Basic Materials	-	1.6%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	27.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	7.9%
Real Estate	-	-
Utilities	-	54.0%

Return for Risk

PTIR vs. EMLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

EMLP

EMLP Risk / Return Rank: 70
EMLP Sharpe Ratio Rank: 68
EMLP Sortino Ratio Rank: 71
EMLP Omega Ratio Rank: 62
EMLP Calmar Ratio Rank: 82
EMLP Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTIR vs. EMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) and First Trust North American Energy Infrastructure Fund (EMLP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PTIR	EMLP	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.08	-2.58
Sortino ratio: Return per unit of downside risk	-0.26	3.00	-3.26
Omega ratio: Gain probability vs. loss probability	0.97	1.35	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.69	4.19	-4.88
Martin ratio: Return relative to average drawdown	-1.22	12.19	-13.42

PTIR vs. EMLP - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.51, which is lower than the EMLP Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of PTIR and EMLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. EMLP - Drawdown Comparison

The maximum PTIR drawdown since its inception was -75.53%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for PTIR and EMLP.

Drawdown Indicators

	PTIR	EMLP	Difference
Max Drawdown Largest peak-to-trough decline	-75.53%	-43.61%	-31.92%
Max Drawdown (1Y) Largest decline over 1 year	-75.53%	-4.94%	-70.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.61%	—
Current Drawdown Current decline from peak	-75.53%	-2.33%	-73.20%
Average Drawdown Average peak-to-trough decline	-28.60%	-5.75%	-22.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	1.69%	+40.83%

Volatility

PTIR vs. EMLP - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 37.93% compared to First Trust North American Energy Infrastructure Fund (EMLP) at 3.65%. This indicates that PTIR's price experiences larger fluctuations and is considered to be riskier than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	EMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.93%	3.65%	+34.28%
Volatility (6M) Calculated over the trailing 6-month period	77.76%	7.96%	+69.80%
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	9.97%	+92.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.79%	14.49%	+114.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.79%	17.69%	+111.10%

PTIR vs. EMLP - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than EMLP's 0.96% expense ratio.

Dividends

PTIR vs. EMLP - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 16.37%, more than EMLP's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMLP First Trust North American Energy Infrastructure Fund	2.75%	3.18%	3.19%	3.92%	3.15%	3.29%	4.70%	3.71%	4.71%	3.80%	3.62%	4.63%
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTIR and EMLP in my portfolio?

PTIR and EMLP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or EMLP?

PTIR has higher volatility (37.93%) compared to EMLP (3.65%). In terms of maximum drawdown, PTIR dropped -75.53% vs EMLP's -43.61%.

Which ETF is better, PTIR or EMLP?

On 1-year performance, EMLP leads with 20.59% vs -52.03% for PTIR. On fees, EMLP is cheaper at 0.96% per year. On volatility, EMLP has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or EMLP?

Over the 1-year period, EMLP has performed better with a 20.59% return vs -52.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or EMLP?

EMLP is cheaper with a 0.96% expense ratio, compared with 1.15% for PTIR.

Which ETF pays a higher dividend yield, PTIR or EMLP?

PTIR has the higher dividend yield at 16.37%, compared with 2.75% for EMLP.

What is the main difference between PTIR and EMLP?

PTIR is categorized as Leveraged Equities, while EMLP is MLPs. They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.15% for PTIR and 0.96% for EMLP.

Which has better risk-adjusted returns?

EMLP currently has the higher Sharpe Ratio (2.08 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.